In the terms of cryptocurrencies and blockchain technology, we can say that a regulatory framework is absent at this moment. But according to the latest news that won’t last much longer. More precisely, the European Regulation on Markets in Crypto-Assets (MiCA Regulation) is being prepared, which will aim to guarantee innovation and fair competition and, at the same time, a high level of consumer protection and the integrity of crypto-asset markets. Another objective of the MiCA Regulation is to ensure financial stability and take into account the risks that may arise, for monetary policy, from crypto-assets that seek to stabilize their price by reference to a currency or an asset.
Source: fiscal-requirements.com
